NewsletterLitecoin Whales Arrived Just In Time For Upcoming LTC Rally?
Litecoin News: Amid Bitcoin’s (BTC) six month high price and speculation for a potential altcoin rally, the crypto market is also going through the regulatory hurdles especially in the US. However, the surprise crypto rally in January 2023 showed that the traders defied the odds coming from the FTX collapse and related ripple effects. However, a section of traders with deep altcoin bags appear to still be cautious of taking an entry in the current scenario. This is gradually unfolding as big whales continue to reactivate their assets, in what could be in anticipation of profit making opportunities. Does this mean the crypto winter is finally behind us?
Also Read: Current Bitcoin ($BTC) Rally Is Historically Different; Here’s How
Litecoin Whales Among Biggest
In an interesting coincidence, the LTC price drop in last few hours came in parallel with huge accumulation of the altcoin. According to WhaleStats, Litecoin is currently among the top 10 purchased tokens by 100 top Binance Smart Chain (BSC) whales in the last 24hrs. More importantly, the current price level at $95 could be a good base to gain strength for a rally to $110, which is inevitable, according to Kong Trading.
At the current level, LTC price is at an eight month high range of $93 to $100. As of writing, LTC price stands at $94.97, down 3.06% in the last 24 hours, according to CoinGape price tracker.
Also Read: Here’s What You Need To Know About Blur’s Upcoming Season 2 Airdrop
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Binance Sets Foothold in Abu Dhabi with ADGM Global License, BNB Bounces
- Upbit Hack: Team Freezes $1.77M in Stolen Assets Amid Ongoing Investigation
- Crypto Lawyer Bill Morgan Praises Ripple’s Multi-Chain Strategy as RLUSD Hits $1.1B
- Michael Saylor Teases New Bitcoin Buy As ‘Orange Dots’ Return
- December Recovery Ahead? Coinbase Outlines Why Crypto Market May Rebound
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
